Tuesday, August 16, 2016

Switzerland, Sweden, UK, U.S., Finland, Singapore are leading in Global Innovation Index (GII) and China Joins Top 25 economies. India, 66th, is the top-ranked economy in Central and Southern Asia , showing particular strengths in tertiary education and R&D, including global R&D intensive firms, the quality of its universities and scientific publications, its market sophistication and ICT service exports where it ranks first in the world.

China joins the ranks of the world’s 25 most-innovative economies, while Switzerland , Sweden , the United Kingdom , the United States of America , Finland and Singapore lead the 2016 rankings in the Global Innovation Index. China ’s top-25 entry marks the first time a middle-income country has joined the highly developed economies that have historically dominated the top of the Global Innovation Index (GII) throughout its nine years of surveying the innovative capacity of 100-plus countries across the globe. China ’s progression reflects the country’s improved innovation performance as well as methodological considerations such as improved innovation metrics in the GII.

Among the GII 2016 leaders, four economies — Japan, the U.S. , the UK , and Germany — stand out in “innovation quality,” a top-level indicator that looks at the caliber of universities, number of scientific publications and international patent filings. China moves to 17th place in innovation quality, making it the leader among middle-income economies for this indicator, followed by India which has overtaken Brazil .

India, 66th, is the top-ranked economy in Central and Southern Asia , showing particular strengths in tertiary education and R&D, including global R&D intensive firms, the quality of its universities and scientific publications, its market sophistication and ICT service exports where it ranks first in the world. India also over-performs in innovation relative to its GDP. It ranks second on innovation quality amongst middle-income economies, overtaking Brazil . Relative weaknesses exist in the indicators for business environment, education expenditures, new business creations and the creative goods and services production.

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